Bober Lannister uses low-risk settings to ensure safe and profitable results. As per the developer, the live settings are optimized using the real ticks data. This is a cross-platform system that is 100% automated. It was developed by Arnold Bobrinskii. The author is based in Russia and has more than 8 years of experience in developing expert advisors. He has created 4 products and 3 signals. His other products include Bober Crypto and MT5 Bober.
Bober Lannister at a Glance
|Currency Pairs||EURCHF, GBPUSD, EURNZD, CHFJPY, EURAUD|
|Recommended Leverage||1:30, 1:100, or 1:500|
Bober Lannister functionality
According to the author, this FX EA is a safe system that does not use dangerous methods like the Martingale approach. It does not increase lot size and uses the same size as in the risk settings irrespective of the result of the previous lot. Some of the main features that the developer focuses on for this system are:
- User-friendly settings are present for the EA.
- It does not use risky methods .
- Does not need the use of elaborate user guides for installation.
- Customers get free live sets.
- It is not sensitive to broker spread and commission.
- The FX EA places only one trade at a time.
Bober Lannister trading strategy tests
The author does not provide much explanation of the strategy. Instead of using risky methods like the Martingale system, the ATS uses virtual TP and SL that are fixed. Fixed lot sizes are used as per the risk settings. The strategy explanation looks vague and does not provide a proper insight into the efficacy of the EA. However, a backtesting result is present for the FX EA on the MQL5 site.
From the stats, we can see that the backtesting had generated a total net profit of 1,916,908.01 from an initial deposit of 10,000. For a total of 4953 trades, the profitability of 65.29% and a profit factor of 1.58 were present. The drawdown was 22.23%. From the results, it is clear that the profits are high and the drawdown is low indicating good performance.
What about Bober Lannister real trading results
A real live signal is present for the system on the MQL5 site. Here is a screenshot of the result:
From the above stats, we can see the account shows 149.32% growth. The growth curve indicates an erratic curve that implies an unsteady performance. Further, nearly 80% of the growth has been accomplished in 15 days which shows a risky approach.
For an initial deposit of $200, the account shows a profit of 298.15. The account that started in March 2021 has completed 3.415 trades with profitability of 65.3% and a profit factor of 1.15. A maximum drawdown of 37.8% is present which indicates a risky approach. Further, the low-profit factor value indicates an ineffective performance.
You can purchase this FX EA for $499. A free demo account is offered. There are no further details on the pricing like the features included. No money-back assurance is present, which raises doubts about the reliability of the ATS.
Unfortunately, we could not find user reviews for this FX EA on reputed review sites like Forexpeacearmy, Trustpilot, etc. There are a few reviews on the MQL5 site for this ATS. But as the site promotes the product, there is a high chance of the reviews being manipulated.
The developer provides links to his Telegram channel group and you can also use the direct messaging option on the MQL5 site to contact him. There are no other methods available for support.
Bober Lannister Review SummaryBober Lannister
Functionality2/5 BadMinimal info is present concerning the functionality of the system.
Trading Strategy2/5 BadThe author does not divulge info on the strategy used by this trading tool.
Live Results3/5 NeutralLive results show a high drawdown that indicates a risky approach.
Customer Support3/5 NeutralThe dev can be reached via Telegram and the messaging option on the MQL5 site.
User Reviews1/5 AwfullyNo feedback is present on the reputed sites like Forexpeacearmy, Trustpilot, etc.
- It is a fully automated software
- Backtesting and real trading results
- A vague strategy explanation
- Expensive pricing
- No money-back guarantee